Sat.Jan 18, 2025 - Fri.Jan 24, 2025

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TikTok Goes Offline in U.S.

CPA Practice

Users in the U.S. have reported that the popular social media site TikTok has gone offline as of Saturday evening (Jan. 18, 2025). The app was at the center of a recent U.S. Supreme Court case that involved a law passed by Congress last year.

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Employment Tax Reporting: 2025 Due Dates and Best Practices for Healthcare Entities

Withum

Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. Audit issues include reclassification of workers from independent contractor to employee; an individual receiving both a Form W-2 and Form 1099 in the same calendar year; incorrect employment tax forms preparation; the failure to issue Forms 1099; and general non-compliance with Form W-9 record-keeping.

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Art of Accounting: Accountants Club's new president

Accounting Today

Natasha Kosnac, chief audit officer of Unite Here, recently succeeded Peter Frank as president of the Accountants Club of America and she has plans for expanding the longtime club.

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Financial Statement Fraud Red Flags

FraudFiles

Tracy Coenen teaches a group about some of the most common red flags of financial statement fraud. More information on corporate fraud is available in Tracy's book, Essentials of Corporate Fraud.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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NRF Says Holiday Season Was a Notable Success as ‘Consumers Came Out to Spend’

CPA Practice

Data from the U.S. Census Bureau shows that core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a record $994.1 billion, coming in ahead of the National Retail Federations forecast.

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Adapt or become history: how modern finance keeps legacy institutions alive

Accounting Insight

For centuries the worlds most iconic institutions and businesses have drawn strength from their rich legacies and commitment to tradition. From cultural landmarks to heritage-driven enterprises, their reputations have been crafted over generations. However, in todays fast-paced digital age, these long-standing organisations face mounting challenges as modern audiences and operational demands reshape expectations.

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Try it now. Does it work. is it fixed already?

Insightful Accountant

Murph makes you aware of 'just resolved' fix to an issue with the QuickBooks Desktop Mobile App.

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Senate Finance Dems Seek Assurances From Treasury Secretary Nominee on Taxes Ahead of Vote

CPA Practice

Senate Finance ranking memberRon Wydenand other committeeDemocrats are pressingScott Bessent to submit to anIRSaudit and release his tax filings ahead of the panels vote on his nomination Tuesday.

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A Definitive Beginning and End Period of Time for Your Engagements

Canopy Accounting

In this installment on making our client agreements stronger, we want to discuss why we begin and end our agreements on specific dates. Many firm owners dont even worry about starting a contract with a client on a certain date, and many forget about an end date. Contracts that never end are called evergreen contracts and they are not good for business.

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Withum’s 2025 State of the Firm Echoes Power in Connection

Withum

Withum held its annual State of the Firm event on Tuesday, January 14, at the New Jersey Performing Arts Center (NJPAC), Newark, NJ. Nearly 1,500 team members gathered with another 1,000 online to hear the latest updates on the firm’s growth in advisory, tax and audit services and the vision for the future. Withum’s CEO and Managing Partner, Pat Walsh , led the afternoon program, welcoming various guests to the stage.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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IRS Commissioner To Step Down Before His Term Ends

Insightful Accountant

IRS Commissioner Danny Werfel will step down Monday, allowing President-elect Donald Trump to move forward with his own pick for the job, former Rep. Billy Long (R-Mo.).

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CFPB Orders Equifax to Pay $15 Million Fine for Improper Investigations of Credit Errors

CPA Practice

The order requires Equifax to comply with federal law, and Equifax must pay a $15 million civil money penalty, which will be deposited into the CFPBs victims relief fund.

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Ensuring Your Firm’s Future with Smart Technology Choices

CPA Practice

The pace of change in the accounting industry will never slow down, and technology will continue to be a primary driver of that change.

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GBQ Adds Wirth Lowe Wissemeier CPAs in Ohio

CPA Practice

The Columbus, OH-based top 100 accounting firm acquired Cincinnati-based CPA firm Wirth Lowe Wissemeier CPAs, effective Dec. 16, 2024.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Clarus Partners Advisors Launches AkuCalc, Simplifying Sales Tax Calculations for Businesses

CPA Practice

AkuCalc is part of AkuSuite, a suite of tax software solutions created and serviced by indirect tax professionals. AkuSuite also includes AkuCert for exemption certificate management and AkuLicense for business license compliance.

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Uber Sues Colorado Over New Laws, Say Pricing Transparency for Drivers Violates its Free Speech Rights

CPA Practice

Uber alleges in a new lawsuit that two Colorado laws aiming to improve transparency for delivery and ride-hailing app drivers will violate its right to free speech.

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CPE Webcast – Jan. 29, 2025: New Year, New Legal Entity

CPA Practice

Clients just starting out need insight on which legal structure to select for their business. Seasoned entrepreneurs may need insight as their company grows and the entity once selected may not be as advantageous as it once was. The New Year is an ideal time to get a refresh on business entity options for your clients.

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Should You Actively Trade in a Roth IRA?

CPA Practice

Day trading in a Roth IRA is perfectly legal, but it may not be financially wise.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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‘Help U.S. Retire’ Advocacy Campaign Mobilizes 120 Million Americans to Protect Retirement Savings

CPA Practice

The promotions are designed to drive investors, policymakers, and industry professionals to the campaign website,HelpUSRetire.org, where they can find research about.

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Groundhog Day 2025: Punxsutawney Phil or Staten Island Chuck — Who is the Better Forecaster?

CPA Practice

There are several famous groundhog prognosticators, but only two have records worth talking about. And, as the stats point out, both have made drastically different decisions over the years.

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Data Breach Exposes 61,000 Texans After State Employees Improperly Access Info

CPA Practice

The Texas Health and Human Services Commission announced Friday morning that a privacy breach at the agency has exposed the personal information of at least 61,000 Texans, opening them up to potential fraud.

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New Meeting Tech at CES 2025- The Accounting Technology Lab Podcast – Jan. 2025

CPA Practice

Randy Johnston and Brian Tankersley, CPA, explored CES 2025 in Las Vegas in January. In this second CES podcast, they highlight some of the most useful meeting technologies they saw at the conference.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Chinese Hackers Accessed Yellen’s Computer in Treasury Breach

CPA Practice

The attackers also hacked the computers of two of Janet Yellens lieutenants, Deputy SecretaryWally Adeyemoand Acting Under SecretaryBrad Smith, and some unclassified files were accessed.

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Microsoft 365 Copilot and Agents: What You Need to Know About Copilot Security and Governance 

Withum

On May 8, 1793, during the French Revolution, the French National Convention, in a collection of decrees, wrote: With great power comes great responsibility. Years later, in 2002, Stan Lee featured this quote in the first Spiderman movie, where Uncle Ben imparted these wise words to his young nephew, Peter Parker, just before Peter gained his superpowers.

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